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the commodity. it is going to have to wait. let's go to patricia in hawaii. >> yes, i'm here. booyah from hawaii. what's going on with yelp, i bought it at $21 and it's been down? >> hold on to it. i think it is worth more. don't sell yelp. let's go to stewart in new york. >> how you doing? i love you like the giants and i have a winner for you for next year. >> well, um okay. it is okay. frankly, i prefer others to it. um, for instance, i would even prefer chesapeake to it right now. and that says a lot. i was going to do my stafford imitation. it gets better. here take this. it is the conclusion of the lightning round. coming up, a world away. yum brands has made a meal ticket out of china. investors cooled the stocks and send the shares to the fryer. has wall street lost its appetite for fast food? just ahead. >>> nobody is more passionate about the market than i am. you are why i come out here and do this show. >> the stuff that you are doing for all of us is so important and i want to say thank you. >> we watch every day and we count on your help for small investors like us. >>
line in the sand. that's the day is president is scheduled to go to his hawaii vacation, which will cost taxpayers $4 million. >> according to the hawaii reporter. >> the other bookmark is his inauguration. you don't want these things to go through the inauguration, either. so, that gives us a very tight window. >> look, politicians have a long track record of kicking the can down the road. they could certainly do it again. but i've characterized this bull market as sort of the rodney dangerfield of bull markets. absolutely no respect. and it just keeps climbing this wall of worry, as the old adage goes. >> talk a little bit about earnings and the things you are covering, health care, financials. >> certainly. >> how do you think earnings are going to shape up for 2013? >> i'm optimistic. we could see $110 for the s&p 500. the multiple right now is about 12 1/2. we get down to 12, 13 seems to be unlucky. we can't seem to break through that. but if we get through this cliff issue, and we will, one way or another, even if we go over the cliff, there will be some resolution afterwards.
, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybody is going to have to wait for a couple of days. >> so, there's no indication at this point that there are any scheduled meetings tomorrow or anything to that effect, press conferences, news conferences to update the american people on what is going on in d.c.? >> everybody's got telephones, so, there's doubtless conversations going on. senate doesn't get back until late tomorrow. president gets back late tomorrow. the house is not back, but all of the leadership types, all the important players in any potential resolution of this are going to be in contact with one another and the likelihood that they will be in contact increases with every passing hour. >> john, stick around. i want to bring in anthony, who is on the desk here tonight. he was on the finance committee for mitt romney in his presidential bid. and what your sources are telling you is what in terms of if we reach a deal. >> i've talked to paul ryan, scott brown and a few of the other
deduction. on the flip side, borrowers in washington, d.c., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep this in perspective. you only get the deduction if you itemize an only about one-third of americans do itemize. just 27% taking the deduction. and i want to note one other thing, older americans, 54% of families ages 55 to 64 are carrying mortgage debt. that's way up from 37% in 1989, because during the housing crash they were unable to move. so that's going to hit them hard as well. especially for the next several years. melissa? >> some very interesting figures. diana, thanks for that report. back at headquarters a quick market flash. >> goo
one. you get to go to hawaii, you have to like food and you sit around and think of things you'd like to eat if you were on mars. there's also a 5,000-dollar fee you get paid as well. after all that, they think pizza would be good on mars. we have so many problems to rid entitlement spending, everything is out of control and they want to raise taxes. we have 160,000 petitions saying don't go back on your tax pledge. i agree wholeheartedly i plan on keeping my vote to kentucky and i will not vote to raise taxes. thank you. >> representative paul broun? >> i'm paul broun from georgia. i believe firmly we shouldn't raise taxes on anybody for any reason. the government has too much money. it's doing too much in a way of taking away our liberty. i believe in the constitutional limits to government as our founding of this. we have to stop the spending. we have to send power back to the states or the people is the tenth amendment says it should be. we can't balance the budget. we can stop this fiscal insanity that's going on here in washington without raising any more revenue. we need t
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